Emami Q2FY14 Turnover and PAT grows by 12.8% and 35.1% First half Turnover and PAT grows by 13.0% and 32.9% Jammu, October 24, 2013: The Board of Directors of Emami Limited met on Wednesday, October 23, 2013 to consider unaudited financial results of the company for the second quarter and half year ended September 30, 2013. The second quarter FY 14 witnessed a growth of 12.8% in the turnover at Rs 407 crores, while EBIDTA at Rs 87 crores grew by 36.3% and PAT at Rs. 80 crores grew by 35.1% respectively over the corresponding quarter in previous year. For the first half of the year, turnover at Rs.790 crores grew by 13%, EBIDTA at Rs. 147 crores grew by 32.7% and PAT at Rs. 141 crores grew by 32.9% respectively over the corresponding period in previous year. Considering moderation in the growth of FMCG sector, Emami has achieved a satisfactory topline growth. The company has continued to successfully strengthen it’s market share in most of the categories it is present. International Business has also performed well in the quarter with 27% topline growth led by aggressive growth in GCC and SAARC. Easing of Input prices coupled with strong cost optimization measures have resulted in margin expansion helping deliver 36.3% EBIDTA growth. Mr. Mohan Goenka, Director added: “In spite of the macro environment being fairly weak for the FMCG industry as a whole, Emami Ltd has sustained a satisfactory growth pattern during this quarter, more or less similar to the last one. Strong performance by our power brands in key categories helped us to meet the challenges in the operating environment and register a topline growth of around 13%. A good monsoon has also given a strong impetus to the rural consumer demand thus ensuring a relatively optimistic growth in the domestic market. Consumer sentiment and demand for our products continued to be good and robust both in urban & rural trade. We sustained our sales momentum through a strong focus on internal optimization & effective cost management. Easing of the input price pressure, especially for the agro based materials like mentha oil led to a positive impact and margin expansion. International Business has also performed well led by aggressive growth in GCC and SAARC countries.” MARKETING • Repositioned the BoroPlus brand portfolio in a new avatar powered by an internationally tested R&D innovation—Nature Shield ComplexTM • Launched all new BoroPlus Facewash range with Anti-Pollution as a lead variant and BoroPlus Advanced Moisturizing Lotion with Grapes and Oil. • Roped in Bollywood diva Bipasha Basu to endorse BoroPlus Anti-Pollution Facewash. • Re-launched Fair and Handsome with Improved formulation ; new packaging and new TV commercial with aggressive 360 degree marketing campaign
Posted on: Thu, 24 Oct 2013 07:39:20 +0000